TV review: A national float that sank like a stone in the roaring 1990s

A documentary revives painful memories for the 600,000 citizen investors who were sold a pup through the Telecom Éireann flotation fiasco

10th October, 2021
TV review: A national float that sank like a stone in the roaring 1990s
Mary O’Rourke, then Minister for Public Enterprise, shares a joke with Telecom Eireann chairman Ray McSharry (left) and chief executive Alfie Kane at the announcement of Telecom Eireann’s initial share offering in 1999. Shown on Sold: The Eircom Shares Saga (RTÉ One). Picture: Photocall Ireland

Sold: The Eircom Shares Saga (RTÉ One)

TB – Scéal Eitinn in Éirinn (TG4)

That Celtic Tiger exercise, the Telecom Éireann flotation in July 1999, gave new life to the Chinese adage ‘He who rides a tiger can never dismount’. Of the almost 600,000 citizens who bought Telecom shares, most were unable to dismount the plunging tiger as the shares tumbled. Besides, they were encouraged to hang...

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